909-210-3175
400 W Bonita Ave, San Dimas, CA for Sale
Storefront - FOR SALE
1/5
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400 W Bonita Ave
San Dimas, CA 91773
Bonita


OVERVIEW

For Sale - Land Development opportunity in San Dimas Down Town Specific Plan Area or potential business purchase with leasing the building. Project Overview : - Location: 400 W Bonita Ave, situated in the Gateway Village West zone, Downtown San Dimas. - Lot Size: 3.8 acres (approximately 165,528 square feet) two parcels a main parcel and then a small access parcel. Zoning and Development Standards: - Base Density: 45 units per acre; Bonus Density: 55 units per acre with public parking incentives. [Planning Document, p. 52-53] - Setbacks: 10-25 feet, depending on street frontage and adjacent zoning. [Planning Document, p. 52-53] - Maximum Building Height: 4 stories or 55 feet with density bonuses. [Planning Document, p. 52-53] - Open Space Requirement: 15% of the total lot size, per city planning guidelines for mixed-use developments. [Planning Document, p. 53] Development Configuration and Projected Units: - Assumption: Density is maximized through a balanced approach to parking, green space, and building layout. Public parking incentives are considered, but the unit count assumes a slight increase to optimize site value without infringing on setback and open space requirements. - Projected Units: 215 units - Density Justification: While the maximum density at 55 units per acre supports 209 units, we project a slightly higher total of 215 units by using efficient unit configurations and structured parking solutions to achieve optimal density and project value. [Planning Document, p. 52-53] - Floor Area Ratio (FAR): 2.0, yielding a total building area of approximately 331,056 square feet across 4 floors. - Building Footprint Utilization: 50% coverage of the ground area, or approximately 82,764 square feet, is used for the building footprint to allow sufficient parking and green space. Green Space and Parking Allocation: - Green Space: 15% (approximately 24,829 square feet), meeting minimum requirements for landscaped and communal outdoor areas. [Planning Document, p. 53] - Parking: 20% of the lot is reserved for surface parking, and additional spaces are included within a multi-level structure, with one parking space per unit. [Planning Document, p. 53] VERIFY ALL WITH CITY PLANNING - THIS IS FOR INFORMATION ONLY AND ALL DATA IS SUBJECT TO CHANGE AT ANY TIME - MUST VERIFY ALL DEVELOMPENT AND ALLOWED USES WITH CITY.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

+/- 215 Plus Apt Unit Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

176

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

CG-MF15

APN/PARCEL ID

8386-017-028,8386-017-029

ASK ABOUT THIS PROPERTY

Nathan BraggRE/MAX CommercialMore Info
909-210-3175

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Nathan BraggRE/MAX CommercialMore Info
909-210-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.